What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
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Mortgages
Refinance
- ARM Refi - Trade Your ARM for a Fixed Rate
- Refinance Considerations
- Refinance To Build Equity Faster
- Cash Out Refi - Get Your Hands on Some Cash
- Low Interest Rates - Pay Points for Lower Rate
- Mortgage Calculator Tips
- Understanding Loan Modifications
- Mortgage Refinancing
- Debt Consolidation Loan
- Cash Out Refinance
- 3 Essentials Factors to Successful Loan Modification
- Second Mortgage Loan
- Home Equity Loan
- Mortgage Refinance Costs
- Refinancing a Bad Credit Mortgage
- Avoiding Foreclosure
- Should You Refinance? Make Sure the Timing is Right
- Mortgage Modification: The Good, the Bad, and the Ugly
- Refinance a Mortgage: FHA Home Loan Pros and Cons
- Bad Credit Home Refinance Loan Terms Defined
- Bad Credit Home Equity Loan Refinancing Possibilities
- 3 Common Misconceptions about Foreclosure
- How to Qualify for Mortgage Modification
- How to Refinance 80/20 Loans
- Mortgage Modificiation Explained
- Cash Out Refinance: Spending Wisely
- Refinancing a Mortgage to Pay Off Debt
- What Is a No-Cost Refinance?
- 3 Advantages to Refinancing a Mortgage with the Same Lender
- Refinancing Your Subprime Mortgage
- 4 Common Refinancing Mistakes
- Cash-Out Mortgage Refinance or Home-Equity Loan?
- Pros and Cons of a Cash-Out Refinance
- When Is Cash-Out Refinancing a Good Option?
- How to Refinance a Second Mortgage
- What Is a Cash-Out Refinance?
- Closing Costs Could Kill Your Refinance Savings
- Mortgage Recast: Alternative to Refinancing
- 4 Steps to Lower Your Mortgage Prepayment Penalty
Second Mortgage
- Second Mortgage Costs
- Length of Second Mortgage
- Second Mortgage Payment Calculations
- Home Equity Credit Line of Credit (HELOC)
- Second Mortgage Rates
- How a Home Equity Loan Works
- What to Know Before Getting Second Mortgage Loans
- What Should a Mortgage Cosigner Know?
- Second Mortgages: Advantages and Disadvantages
- Home Equity v. Mortgage Loan: Risks and Rewards
- 125% LTV Home Equity Loan Costs to Expect
- The Dangers of a Subprime Second Mortgage
- Alternatives to Getting a 2nd Mortgage
- Second Mortgage vs. Home Equity Loan: What's Better?
- 4 Common Second Mortgage Financing Problems
- 4 Tips for Second Mortgage Refinancing
- What to Look for in a Second Mortgage Lender
- Common Factors that Affect Second Mortgage Interest Rates
- What Lenders Look for in a Second Mortgage Loan Application
- How to Identify Predatory Second Mortgage Lending Practices
- How to Get a Second Mortgage with Bad Credit
- 4 Tips for a Seller with a Second Mortgage
- 3 Reasons for High Second Mortgage Interest Rates
Types of Mortgages
- How Declaring Bankruptcy Affects Your Mortgage
- Reverse Mortgages
- The Harsh Reality of Bad Credit Mortgage Loans
- Second Home Purchase: Mortgage Loans to Consider
- 3 ARM Loan Benefits
- Pros and Cons of 50 Year Mortgage Loans
- Switching Your Mortgage
- The Risks with 40 Year Mortgage Loans
- 3 Risks of a Piggyback Mortgage Loan
- Reverse Mortgages: Pros and Cons
- What To Do When Mortgages Default
- Mortgage Guidelines for First-Time Home Buyers
- Avoidable Pitfalls of Subprime Mortgage Loans
- Upfront Mortgage Broker Pros and Cons
- Upfront Mortgage Broker Pros and Cons
- Looking Ahead: Will Your Mortgage Become A Financial Hardship?
- Pros and Cons of Temporary Buydowns
- ARM Loan Rate vs. Fixed: Should You Convert?
- The Ups and Downs of 80/20 Loans
- 3 Tips to Paying Off a 125% Equity Loan
- Important Questions to Ask Reverse Mortgage Lenders
- Should You Pay Off Your Mortgage Early?
- What are Upfront Mortgage Brokers?
- Advantages of Investment Mortgage Loans
- Getting Mortgage Loans for People with Bad Credit
- No-Income Verification Mortgage Loan Disadvantages
- How to Calculate Mortgage Points
- Fees Included with Reverse Mortgage Closing Costs
- How a Nonrecourse Mortgage Works
- Should You Pay Off Your Mortgage Early?
- A Guide to Joint Mortgages
- Qualifying for Financial Hardship Assistance
- Mortgage Management: Writing a Financial Hardship Letter
- 3 Common Short Sale Mistakes
- The Effect of a Short Sale on Your Credit Rating
- Option ARM Loan Pros and Cons
- The Benefits of Convertible Adjustable Rate Mortgages
- Short Sales for First-Time Home Buyers
- ARM Home Loan Types to Consider
- What to Expect During a Mortgage Reinstatement Period
- A Guide to Short Sales
- What Are the Requirements for a Home Loan Modification?
- 3 Common Mistakes when Writing Financial Hardship Letters
- How a Loan Modification Program Can Help Home Owners
- Common Misconceptions About an Interest Only Mortgage
- 4 Common Short Selling Mistakes
- What Are Government Mortgage Guarantors?
- Required Information for a Reverse Mortgage Application
- The Advantages of a Reverse Annuity Mortgage
- What Is a Conforming Loan?
- What Is the Mortgage Forgiveness Debt Relief Act of 2007?
- What Qualifies as Mortgage Collateral?
- What Is a Judicial Foreclosure?
- 3 Types of Reverse Mortgages
- 3 Common Alternatives to Reverse Mortgages
- Mortgage Loan Modification and Your Tax Return
- What Is a Deed of Trust?
- 3 Common Uses for a Reverse Mortgage
- 3 Reasons Lenders Want to Avoid Foreclosures
- The Tax Implications of Home Foreclosure
- Short Selling a Rental Property
- The Reverse Mortgage Loan Process: Appraisal
- The Reverse Home Mortgage Process: Loan Origination
- 3 Common Reverse Mortgage Disadvantages
- How to Compare Reverse Mortgage Programs
- What Is a Fannie Mae Home Keeper Reverse Mortgage?
- A Guide to Contesting a Judicial Foreclosure
- Reverse Mortgages: Pros and Cons
- What Are Balloon Payments?
- 4 Situations Foreclosure Is the Best Option
- The Basics of Reverse Mortgage Repayment
- 4 Reasons to Consider Loan Modification
- Using a Reverse Mortgage for Long Term Care
- What Is Mortgage Forbearance?
- The Consequences of Not Meeting a Mortgage Loan Repayment Agreement
- How a Reverse Mortgage Advisor Can Help
- 4 Questions a Reverse Mortgage Counselor May Ask
- What to Do if You Are a Victim of Predatory Lending
- What Is the Truth in Lending Act?
- What Is a Mortgage Promissory Note?
- How to Contest Nonjudicial Foreclosures in Court
- Mortgage Loans and Junk Fees
- Short Selling and Your Taxes
- Equity Stripping Explained
- Helping Your Parents with a Reverse Mortgage
- Joint Mortgage Requirements
- 3 Factors that Affect Reverse Mortgage Payouts
- Beware of Reverse Mortgage Scams
- 3 Reverse Mortgage Problems to Look Out For
- 4 Reasons to Seek Counsel from a Reverse Mortgage Specialist
- The HECM Reverse Mortgage Program Explained
- What Is a Deed in Lieu of Foreclosure?
- Short Sale Approval from the Bank's Perspective
- Home Insurance Requirements for Reverse Mortgages
- Judicial vs Non-Judicial Foreclosure
- What Is a Reverse Mortgage?
- About Reverse Mortgages: Borrower Qualifications
- Financial Hardship and Your Mortgage
- What Are Private Mortgages?
- No-Cost Mortgages
- How to Identify Foreclosure Rescue Scams
- The Pros and Cons of a Reverse Equity Mortgage
- The Pros and Cons of a Proprietary Reverse Mortgage
- Mortgage Re-Amortization Explained
- 5 Examples of Predatory Lending
- Effect of Credit History on Your Mortgage
- The Pros and Cons of Mortgage Re-Amortization
- What Are One-Time Close Loans?
- The Disadvantages of Using a Mortgage Broker
- Renting vs Owning a Home
- What a Loan Modification Agreement Covers
- 3 Mortgage Loan Types
- Reverse Mortgage Information: What Happens During Closing
- What to Do if Your Loan Modification Was Denied
- What Is a Mortgage Subordination Agreement?
- Wraparound Mortgage: Tips and Warnings
- Wraparound Mortgage: Buyer and Seller Advantages
- 3 Wrong Reasons to Do a Reverse Mortgage
- Financial Requirements of Construction Loans
- The Pros and Cons of a Joint Mortgage
- 2 Resources for Mortgage Loan Counseling
- 3 Ways to Avoid Private Mortgage Insurance Requirements
- What Is an Upfront Mortgage Lender?
- What Are Rehab Construction Loans?
- The Qualifications for Mortgage Forgiveness
- Preparing for Mortgage Non-Payment
- Mortgage Debt Ratios Explained
- Buying a House after Bankruptcy
- How Does a Piggyback Mortgage Loan Work?
- Advantages and Disadvantages of a Growing Equity Mortgage (GEM)
- Conventional Energy Efficient Mortgage
- Super Jumbo Mortgage
- Low Down Payment Mortgage Options
- What Is Mortgage Insurance For?
- What Is an Option ARM?
- Got a Green House? Consider a Green Mortgage
- How to Find the Best Commercial Mortgages
- How to Negotiate a Late Mortgage Payment
- How to Make Biweekly Mortgage Payments
- Hybrid Option ARM
- Joint Mortgage: Death of a Borrower
- Financing Your Energy Efficient Home
- Adjustable-Rate Mortgages (ARMs)
- Private Mortgage Insurance FAQs
- Chapter 7 and 13 Bankruptcy Compared
- How to Choose Unemployment Mortgage Insurance
- Mortgage Disability Insurance
- What Is Mortgage Life Insurance?
- Comparing Mortgage Insurance Plans Online
- Closed-End Mortgage
- How to Obtain a Rent-to-Own Mortgage
- Mortgage Servicing
- High-Risk Mortgages
- Does It Pay to Prepay Your Mortgage?
- How to Avoid Mortgage Delinquency
- Negative Amortization Mortgage: Pros and Cons
- Portable Mortgages
- Wraparound Mortgage Defined
- What Is an All-in-One Mortgage?
- What Is a Vendor Mortgage?
- How to Get a Shared Appreciation Mortgage (SAM)
- Late Mortgage Payments' Effect on Credit
- What Is a Subprime Mortgage?
- Piggyback Mortgage
- Pros and Cons of a Temporary Mortgage Buydown
- Benefits of a 3-2-1 Mortgage Buydown
- Advantages and Disadvantages of a Rent-to-Own Mortgage
- No-Cost Mortgages
- Purchase-Money Mortgage
- What Is a Delinquent Mortgage?
- No-Ratio Mortgage
- Jumbo Mortgages
- Divorce and Your Joint Mortgage
- Investment Property Mortgages
- Convertible Mortgage Loans
- Pros and Cons of a Simple-Interest Mortgage
Learn More About...
Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
3 Reasons Banks Reject Short Sales
There are many reasons why banks reject short sales. The three most common reasons a property does not qualify for a short sale are: the offer price is too low, the buyer does not qualify, or the seller does not qualify for the short sale. more
Appraisal Basics
A real estate appraisal is an evaluation that determines the value of a property. There can be many different reasons for having an appraisal conducted, but one of the most common purposes is to determine the market value of a house before a mortgage transaction. more
- Second Mortgages: Advantages and Disadvantages
- What To Do When Mortgages Default
- Alternatives to Getting a 2nd Mortgage
- Short Selling a Rental Property
- FHA Loans for a First-Time Home Buyer
- Low Down Payment Loan Qualification
- Should You Refinance? Make Sure the Timing is Right
- 3 Warning Signs of Loan Modification Scams
- How to Get Approved for an FHA Loan despite Bad Credit
- 3 Factors that Can Negatively Affect Your Mortgage Application
- 3 Common Short Sale Mistakes
- FHA Eligibility with Bankruptcy and Foreclosure
- What Lenders Don't Reveal About Home Equity Loans
- Home Equity Loans for People with Bad Credit
The Mortgage101 Blog
U.S. Homes Selling in Record Time
Home prices rose in April, sales increased and inventory expanded. And it all happened at breakneck speed, according to a report from real estate brokerage Redfin, with homes selling at the fastest pace on record. In April, 35.2 percent of all houses going under contract within 14 days of their initial listing. That’s up from 34.5 percent... more